Economic Update: The Death of the Middle Class
Thursday, 13 February 2014 15:18By Richard D Wolff, Economic Update / Truthout | Radio Segment
Updates on polls showing most Americans want less inequality; why Tea Party types fixate on government debt; and why French right-wing and other far-right parties gain support. Major discussion on US businesses recognizing the death of the middle class; the contradictions of Germany's position within Europe's economic crisis; and part 1 of an analysis of what the USSR was. Response to listeners on why official unemployment targets are 4-6.5 percent rather than feasible and better 0-0.5 percent.
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RICHARD D WOLFF
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.
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